I would be flying to US (California) for employment next week. To survive for the first month, until I get my first paycheck I'll be carrying some US Dollars from India. I have decided to carry around US$600 with me. However, I need some help on whether it's a good idea to carry the entire amount in currency notes or divide it among currency notes and traveler's checks. I am also thinking about carrying a forex card maybe, as an option. Either way if I lose any of them, I'll be losing the amount, isn't it? Or does it work in a different way?
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Many questions here can answer yours: question 1, question 2 – Nean Der Thal Sep 25 '14 at 12:51
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Traveler's checks can be replaced if they are lost, but I am not sure if they are widely accepted in the US these days. I am not sure what a forex card is but it sounds like it is some sort of prepaid credit card - if it is Visa or Mastercard compatible, you'll be able to use it to buy things and withdraw cash, but there may be fees. Whether it can be replaced if lost is a question you'll have to ask the issuing bank. – Nate Eldredge Sep 25 '14 at 13:09
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4I would forget about traveller's cheques as they are too old fashioned. prepaid cards are fine - but you do suffer fees. Will you be in SF? It's not especially dangerous. Just personally I'd just keep the 600 clams in my pocket, and just don't make a fuss about it. Don't forget, if you do have a "normal" bankcard (of some type) with your bank at home, you can simply use that to withdraw money from any ATM anywhere. that's usually the cheapest way too. – Fattie Sep 25 '14 at 14:25